Practice Update – September 2022

Practice Update – September 2022

More COVID-19 business grants are now tax-free The Federal Government has expanded the list of State and Territory COVID-19 grant programsthat may be tax-free to eligible businesses.A State or Territory Government COVID-19 grant payment will generally be tax-free if:...
Practice Update – January & February 2020

Practice Update – January & February 2020

Lifestyle assets continue to be an ATO audit target The ATO has revealed it will request a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred horses, fine art, high­value motor...